Healthcare Video Conferencing Solutions Market Key Industry Opportunities 2028

Healthcare Video Conferencing Solutions Industry Overview

The global healthcare video conferencing solutions market size is expected to reach USD 114.46 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.9% from 2021 to 2028. The key factors driving the market include robust urbanization and increasing penetration of telemedicine solutions. Furthermore, technological advancements by market players are anticipated to positively influence the market growth.

North America healthcare video conferencing solutions market size, by deployment mode, 2018 - 2028 (USD Million)

Healthcare Video Conferencing Solutions Market Segmentation

Grand View Research has segmented the global healthcare video conferencing solutions market on the basis of deployment mode, component, and region:

Based on the Deployment Mode Insights, the market is segmented into On-premise and Cloud-based.

  • The on-premise segment accounted for the largest revenue share of over 55.0% in 2020. The segment growth is attributed to the growing adoption of on-premise deployment by various organizations, especially large-scale organizations, as they have increasing concerns related to data theft and efficient maintenance of information security systems. Furthermore, the high penetration of these solutions is anticipated to fuel the market growth.
  • The cloud-based segment is expected to expand at the fastest growth rate of 6.1% over the forecast period. Cloud-based solutions provide increased accessibility to the end users by allowing easy access for video conferencing services through various channels, such as mobile devices and laptops. Moreover, service providers emphasize the adoption of a SaaS platform for providing conferencing services. Features such as password-protected and encrypted cloud solutions are also estimated to boost the market growth. The rising focus of the market players on the segment is also expected to fuel the growth of the market.

Based on the Component Insights, the market is segmented into Software, Hardware and Services.

  • The hardware segment accounted for the largest revenue share of more than 45.0% in 2020. The segment growth is attributed to the growing adoption and development of endpoints such as smartphones, desktops, and laptops equipped with microphones, speakers, and high-resolution cameras. Various general physicians have also implemented the work from a home model, which has further led to the reduction in demand for and investments in the enterprise-based hardware, which has further increased the investment by companies for the development of individual products, instead of enterprise hardware.
  • The software segment is anticipated to witness significant growth over the forecast period owing to the rapid adoption of software-based communication and collaboration solutions, such as Zoom video conferencing. The growth of the services segment is also attributed to the growing number of video conferencing service providers in the market.

Healthcare Video Conferencing Solutions Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Companies Profile & Market Share Insights

The global market is highly competitive and fragmented. Market players are implementing various strategic initiatives, such as product development and launches, the expansion of distribution networks, and global footprint through subsidiaries and partnerships. Key players are also involved in portfolio diversification and mergers & acquisitions.

Some of the prominent players operating in the global healthcare video conferencing solutions market include,

  • Adobe
  • Pexip AS
  • Zoom Video Communications, Inc.
  • Intrado Corporation
  • Vidyo, Inc.
  • Plantronics, Inc.
  • Logitech
  • Huawei Technologies Co., Ltd.
  • Cisco
  • Avaya Inc.

Order a free sample PDF of the Healthcare Video Conferencing Solutions Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

India Electric Vehicle Market Competitive Landscape Report to 2028

Image
India Electric Vehicle Industry Overview The India electric vehicle market size was valued at USD 220.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 94.4% from 2021 to 2030. The attractive incentives being offered by the Indian government on the production and purchase of electric vehicles to encourage the adoption of electric vehicles are anticipated to drive the growth of the market over the forecast period. The outbreak of the COVID-19 pandemic triggered a significant decline in the overall sales of passenger and commercial vehicles in 2020. However, the sales of electric vehicles in India remained unaffected. The post-lockdown sale of pure and hybrid electric vehicles is a prominent driving factor for the electric vehicle market in India. The stringent GreenHouse gas (GHG) emission norms drafted by the government, such as the Bharat Stage (BS) VI emission standards introduced by India’s Ministry of Road Transport and Highways (MoRTH), are a
Read more

Automotive Semiconductor Market Share, Drivers And Restraints By 2028

Image
Automotive Semiconductor Industry Overview The global automotive semiconductor market size was valued at USD 41.78 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. Increasing demand for electronic content per car is expected to bolster the market growth over the forecast period. Furthermore, increasing penetration of electronic components in luxury to mass-produced cars is also expected to lead to steady market growth over the next few years. The other factors contributing to the market growth include the proliferation of connected cars, infotainment systems, automotive safety systems, and fuel efficiency standards. Gather more insights about the market drivers, restrains and growth of the Global Automotive Semiconductor Market Three key trends-namely, autonomy, electrification, and connected mobility-are expected to emerge as major revenue drivers. These trends will play a pivotal role in driving the demand for electron
Read more

LiDAR Market Historical Data & Forecasts 2030

Image
LiDAR Industry Overview The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The technological advancements in spatial resolution of LiDAR-based digital terrain models are providing better accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways. The growth of the market is attributed to the rising automation in LiDAR to reduce human efforts and increase efficiency. Gather more insights about the market drivers, restrains and growth of the Global LiDAR Market   The rising demand for 3D imagery in application areas such as military & defense, topographical surveys, civil engineering, and corridor mapping is expected to drive the market growth over the forecast period. Textured 3D imagery is applied in applications such as 3D mapping, city planning, and corridor mapping. The installation of advanced
Read more